Clipped from: https://www.thehindubusinessline.com/companies/nclat-orders-ks-oils-liquidation-raps-nclt-for-lapse-of-981-days/article34093544.ece ‘Delay in resolution defeats purpose of Insolvency Code’ The National Company Law Appellate Tribunal (NCLAT) has directed initiation of liquidation process of leading
Category: IBC-IBBI
IBBI bares regulatory teeth against 2 IPs for misconduct – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/ibbi-bares-regulatory-teeth-against-2-ips-for-misconduct/article33233791.ece Both can’t take fresh assignments till exonerated of charges In separate cases, insolvency regulator IBBI’ s Disciplinary Committee has come down heavily on
Jet Airways’ lenders approve resolution plan after 16-month long wait – The Financial Express
Clipped from: https://www.financialexpress.com/industry/jet-airways-lenders-approve-resolution-plan-after-16-month-long-wait-bankrupt-firm-airline-aviation-sector/2107938/ Jet Airways went into bankruptcy in 2019 after it failed to repay mounting debt, reflective of the nation’s struggling aviation sector. Jet Airways’
Tread with caution to ensure compliance with competition law: CII tells cos amid COVID-19 crisis – The Economic Times
Clipped from: https://economictimes.indiatimes.com At a time when coronavirus pandemic has disrupted economic activities, industry body CII on Sunday said companies must tread with caution when looking
Budget 2020: Amend IBBI rules for payment of dues during insolvency process, MSMEs tell FM Sitharaman – The Financial Express
Budget 2020-21: The amendment proposed would include the payments due to small businesses from corporate debtors before and during the CIRP Union Budget 2020 India
RBI OMO: RBI brings in India’s version of ‘Operation Twist’ to lower yields – The Economic Times
By Swati Bhat MUMBAI: The Reserve Bank of India will conduct a simultaneous sale and purchase of bonds, it said on Thursday, in a move
What is Repo Rate? – The Financial Express
Repo Rate meaning: Repo Rate, or repurchase rate, is the key monetary policy rate of interest at which the central bank or the Reserve Bank of
Lakshmi Vilas Bank: LVB moves Chennai police cyber cell against rumour-mongers – The Economic Times
South-based private sector lender Lakshmi Vilas BankNSE -4.99 % on Wednesday said that it has complained against three Facebook accounts for allegedly spreading defamatory posts about its financial position. The accounts
DHFL crisis set to linger on as forensic audit points to fund diversion | Business Standard News
In what seems to be more trouble for mortgage lender DHFL, the lenders who are awaiting the final go-ahead for a resolution plan have hit
The SEBI diktat on auditor resignations is welcome – The Hindu BusinessLine
But a remedy needs to be found for auditors who are consistently negligent in their duties Implementing its proposals from its July discussion paper, the
RBI’s decision in the LVB-Indiabulls merger case is prudent – The Hindu BusinessLine
But the regulator owes markets an explanation After pondering over the merger proposal between Indiabulls Housing Finance and Lakshmi Vilas Bank for a good six
Valuation professionals should not resist change: IBBI chief – The Hindu BusinessLine
No free walk-in for non-registered valuation professionals in proposed institutional framework, says Sahoo Valuation professionals who are not registered with the insolvency regulator, Insolvency and
PMC’s HDIL loan at Rs 6,500 crore, or 73 percent of total loan book: Ex-MD Thomas in letter to RBI – The Economic Times
The now-suspended managing director of the crisis-hit Punjab and Maharashtra Cooperative Bank (PMC), Joy Thomas, has reportedly admitted to the RBI that the bank’s actual exposure to the bankrupt HDIL
IBBI Guidelines dated 14th May, 2019–IPs
Click to access IPs%20to%20act%20as%20IRPs%20and%20Liquidators%20%28Recommendation%29%20Guidelines%202019_2019-05-14%2020%3A09%3A47.pdf
